Thursday, January 27, 2011

Intraday Nifty Tips for 28 January

Effect of derivatives expiry could be seen today and Nifty touched 5600 level and closed below the 200 DMA of 5620. If nifty maintains the level below 5600 for coming two or three trading session, it may face some more downfall and can slip down to the level of 5440. And if Nifty trades above 5740 it may see some up moves from here

Intraday Nifty Tips:

Nifty Futures
Sell Nifty Futures below 5600 Target-5572-5555 and stoploss above -5616.

Bank Nifty Futures
Sell Bank Nifty Futures below 10655 Target-10600-10550 , Stoploss above Rs 10,710.